Fairfield CT Real Estate Report Week of September 17, 2012

FAIRFIELD CT HOMES: There are currently 380 homes that are actively on the market, and the median list price in Fairfield is now  at $799,000. These homes have been available an average of 115 days, with  an *average cumulative market time of 243 days, and are listed at an average price of $1,263,111. The highest priced home for sale in town is listed at $12,900,000 and the lowest priced available single family home is $139,900.

Thirty-eight new listings came on the market in the past seven days, and four homes came back on the market after being under deposit. There were 31 properties that had a price change. Ten properties have gone under the initial deposit stage, which we call CTS, and six properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

TOWNWIDE PENDINGS: There are 36 homes currently in CTS status, and an additional 86 properties that are scheduled to close with an average price of $731,910.

CLOSINGS:  Eleven properties were reported as sold this past week, and they had an average list price of $506,291 with an average market time of 106 days. There were 115 status changes in the last week.

FAIRFIELD CT CONDOS: The median price for the 35 condos that are available is $460,000.  These properties have been listed an average of 142 days, with a cumulatibe market time of 181 days, and have an average price of $528,805. The highest list price for a condo in town is $1,149,000 and the lowest priced condominium available is $169,900.

Three new listings came on the market this week, and no homes came back on the market after being under deposit. One property had a price change. In the last week, four properties went into CTS status, and two properties  went into pending status. They were listed on average at $324,750.

TOWNWIDE PENDINGS: There are five properties in the  initial stage of deposit, and an additional 12 properties scheduled to close, and their average price is $464,373.

CLOSINGS: Two properties were reported as closed in the last week, and were listed on average at $574,250. There were 15 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 90 homes or apartments available. The median monthly price is $2,625 and the average price is $3,606 per month. These year round rental opportunities have been on the market an average of 58 days.

There are 19 seasonal or summer rentals available throughout Fairfield that have been on the market an average of 139 days, and at an average price of $9,350.  The median price of both furnished and unfurnished seasonal rentals is $4,500. Please note that seasonal rental prices are sometimes listed as an aggregate price for the season, or they can be listed as per the monthly rental cost.

*Cumulative market time indicates the TOTAL  market time when a home has been listed more than once in short succession.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics.

The Featured Home of the Week is a three bedroom, three bath home on 1.24 acres on  4 Highwood Lane in Westport  for just  $700,000. See the virtual tour HERE

Buying or Selling a Home in Fairfield or Southport?  Contact us!

If you have a question about buying or selling Real Estate in Fairfield or Southport, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

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